Loncor Gold Inc T.LN

Alternate Symbol(s): LONCF

Metals & Mining Gold

Loncor Gold Inc. is a Canadian gold exploration company. The Company is focused on projects within an approximately 480 square kilometers (km2) area on the Ngayu Greenstone Belt in the Northeast of The Democratic Republic of the Congo (the DRC). The area is located over 220 kilometers southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL. It owns or controls a contiguous block of 46 exploration permits covering an area of over 13,000 km2 to the northwest of Lake Edward in North Kivu province. The Adumbi gold deposit is found within the Company’s 84.68% owned Imbo Project area. At the Imbo Project, the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold, and the Adumbi deposit and two neighboring deposits hold an inferred mineral resource of approximately 2.090 million ounces of gold with 84.68% of these resources being attributable to the Company.

TSX:LN - Post by User

Loncor Gold Inc > Adumbi Resources….6 holes added 1 million ounces in 2021

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Comment by Aberta1on Jul 21, 2021 11:08am

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Post# 33581228

RE:RE:Adumbi Resources….6 holes added 1 million ounces in 2021

I cannot agree more @ $15 Loncor is so undervalued I always think I am missing something here. I am convinced I am not.

A comment from Echelon Capital Marrkets suggests the avg with in the juniors trade at $59 an oz. Even give Loncor 3x your current number of $15. $45 is a good start for valuation and is still below the average of $59

Also I am sure there are other companies with the potential of 5 million oz discovery but I have not yet come across them as to compare.

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